Stratos Investment Management LLC Purchases 76,322 Shares of Tetra Tech, Inc. (NASDAQ:TTEK)

Stratos Investment Management LLC lifted its position in Tetra Tech, Inc. (NASDAQ:TTEK - Free Report) by 227.4% during the 1st quarter, according to the company in its most recent filing with the SEC. The fund owned 109,890 shares of the industrial products company's stock after purchasing an additional 76,322 shares during the quarter. Stratos Investment Management LLC's holdings in Tetra Tech were worth $3,214,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in the company. Vanguard Group Inc. lifted its position in Tetra Tech by 0.5% during the 4th quarter. Vanguard Group Inc. now owns 25,912,103 shares of the industrial products company's stock worth $1,032,338,000 after buying an additional 127,757 shares in the last quarter. Pictet Asset Management Holding SA lifted its position in Tetra Tech by 2.8% during the 4th quarter. Pictet Asset Management Holding SA now owns 14,018,887 shares of the industrial products company's stock valued at $558,512,000 after purchasing an additional 381,437 shares during the period. Sarasin & Partners LLP acquired a new position in Tetra Tech during the 1st quarter valued at about $144,799,000. Amundi lifted its position in Tetra Tech by 2.5% during the 4th quarter. Amundi now owns 4,873,176 shares of the industrial products company's stock valued at $194,314,000 after purchasing an additional 117,304 shares during the period. Finally, Geode Capital Management LLC lifted its position in Tetra Tech by 0.3% during the 4th quarter. Geode Capital Management LLC now owns 4,729,696 shares of the industrial products company's stock valued at $188,487,000 after purchasing an additional 13,616 shares during the period. Institutional investors own 93.89% of the company's stock.

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on TTEK. KeyCorp increased their price target on shares of Tetra Tech from $34.00 to $41.00 and gave the company an "overweight" rating in a research report on Friday, May 9th. Maxim Group downgraded shares of Tetra Tech from a "strong-buy" rating to a "hold" rating in a report on Friday, April 4th. Finally, Robert W. Baird raised their target price on shares of Tetra Tech from $31.00 to $33.00 and gave the stock a "neutral" rating in a report on Thursday, May 8th. Three research analysts have rated the stock with a hold rating and two have issued a buy rating to the company's stock. According to data from MarketBeat.com, Tetra Tech presently has a consensus rating of "Hold" and an average target price of $41.00.

Tetra Tech Stock Up 0.2%

Shares of NASDAQ TTEK traded up $0.07 during midday trading on Friday, reaching $36.59. The company's stock had a trading volume of 1,672,690 shares, compared to its average volume of 2,138,803. Tetra Tech, Inc. has a fifty-two week low of $27.27 and a fifty-two week high of $51.20. The company has a current ratio of 1.10, a quick ratio of 1.10 and a debt-to-equity ratio of 0.49. The stock has a 50 day simple moving average of $35.31 and a 200-day simple moving average of $33.90. The stock has a market capitalization of $9.64 billion, a price-to-earnings ratio of 53.18 and a beta of 0.94.

Tetra Tech (NASDAQ:TTEK - Get Free Report) last released its earnings results on Wednesday, May 7th. The industrial products company reported $0.33 earnings per share for the quarter, beating the consensus estimate of $0.31 by $0.02. Tetra Tech had a net margin of 3.44% and a return on equity of 23.31%. The business had revenue of $1.10 billion during the quarter, compared to analysts' expectations of $1.05 billion. During the same period last year, the business earned $0.28 earnings per share. The firm's revenue was up 25.9% on a year-over-year basis. Equities research analysts predict that Tetra Tech, Inc. will post 1.37 earnings per share for the current year.

Tetra Tech Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, June 5th. Shareholders of record on Friday, May 23rd were issued a $0.065 dividend. This is an increase from Tetra Tech's previous quarterly dividend of $0.06. This represents a $0.26 annualized dividend and a dividend yield of 0.71%. The ex-dividend date was Friday, May 23rd. Tetra Tech's payout ratio is currently 37.68%.

Tetra Tech Profile

Tetra Tech, Inc provides consulting and engineering services in the United States and internationally. The company operates through two segments, Government Services Group (GSG) and Commercial/International Services Group (CIG). The GSG segment offers early data collection and monitoring, data analysis and information management, science and engineering applied research, engineering design, project management, and operations and maintenance services; and climate change and energy management consulting, as well as greenhouse gas inventory assessment, certification, reduction, and management services.